Category Archives: Issue: China’s Development

Views: A wider radius

W hen Laos won its bid to host last month’s South-East Asian Games, China offered to help the tiny nation by building a gleaming new venue on the outskirts of the capital Vientiane. The facility included a “natatorium” for swimming and a stadium for soccer. But for the Laotian government, such generosity would not come cheaply.

China’s Suzhou Industrial Park Overseas Investment Co was promised a 50-year lease on 1,600 hectares of land on the outskirts of the capital in return for building the venue. But an exceptional public backlash, fuelled by news that the Chinese intended to bring in 3,000 labourers to do the job, forced the government to cut the size of the concession to 200 hectares and promise to find extra land elsewhere to compensate for the loss.

The episode illustrates both the gravitational pull exerted by China’s economic and strategic might, drawing the nations of continental south-east Asia into a tighter orbit, and the counterveiling tensions that are becoming apparent as a result. Economic and diplomatic imperatives are starting to clash with nationalist fears of becoming – in many cases not for the first time – satellites of Beijing.

Read the full article at Financial Times

In the News: CP Chairman upbeat over China’s market, Sino-Thai cooperation under FTA

At the 3rd World Chinese Forum in Beijing in 2004, Dhanin Chearavanont, chairman of the Thailand’s conglomerate Charoen Pokphand (CP) Group, said, “we have always been optimistic about China’s developmental prospect, and in the future, we will stick to the policy of investing China.” More than five years from then, when interviewed by Xinhua at the group’s headquarters here, the chairman reiterated that “those words are still applicable nowadays.”

CHINA’S MARKET MORE POTENTIAL THAN BEFORE

China means something special both for CP Group and for the 71- year-old Chairman. As the very first overseas company that invested in the Chinese mainland after the implementation of its open-up policy in 1978, CP witnessed every steps in China’s development in the past 30 years from 1979 to 2009, and at the same time the company itself grew ever bigger.

Read the full story at People’s Daily Online